What was the actual facts behind the Rise of Crypto Market back in 2017? (Explained with Evidence)

What was the actual facts behind the Rise of Crypto Market back in 2017? (Explained with Evidence)

By CryptoPk | Blockchaintech | 20 Feb 2020


The whole crypto market is taking a dip after bitcoin of crossing 10,000 USD a coin 2 to 3 times within 2 weeks. But the total 24 hours of trading volume of the whole crypto market as of writing this post is around 156 Billion USD with total market cap of 290 Billion USD which is extraordinary and signal for the market to pump again like back in 2016 and 2017. I write with facts and actual figures, as before the bullish pattern of 2017. The market of altcoin excluding BTC was extraordinary on the 8th of Aug 2017 with total 24-hour volume traded in a single day to be above 94 billion USD and a total market cap of altcoins to be only 68 Billion USD which pumps the market of altcoins to rose above 530 Billion USD excluding Bitcoin. You can see the detailed chart with proof below:

Alt Coin market Analysis and reason behind the 2017 Bullish wave

It is a historically proven fact that whenever the market volume increases tremendously then its the signal of buying for the good investor as the market forms a bullish pattern to the next highest level. it is obvious that before the event of halving for the bitcoin Altcoins are showing their muscles and ethereum has gained more than 120% in 2 months only. ETH was trading for about 122$ a coin but now it's above 280$ a coin which is a tremendous change in the price of ethereum. HBAR known as Hashera Hashgraph has gained more than 600% from 0.022 USD a coin to 0.072 USD a coin in a week. So the best opportunity in the market is to invest your time and savings in altcoin specifically. 

Thanks for reading, guys! If you like my article and desire to get up to date on the trendy crypto market and blockchain, Hit the follow button. Also, if you would like to support me, feel free to donate to the under addresses. Your help is wholeheartedly liked! Thank you!!!!

 

BTC Address: 17aMCkNW68gi9pUZ9f13ewpo9PzK6QQPan
ETH/BAT Address: 0x92150e9cbee7dd5c1d6801fb7d116b853eda44c3

 

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CryptoPk
CryptoPk

Crypto enthusiast and trader


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